SAN JOSE, Calif.--(BUSINESS WIRE)--
8x8, Inc. (NASDAQ: EGHT), provider of innovative cloud communications
and computing solutions, today reported that the Compensation Committee
of 8x8's Board of Directors approved an inducement award material to
Darren Hakeman's acceptance of employment with the Company in accordance
with NASDAQ Listing Rule 5635(c)(4).

In connection with his hiring, which was announced on September 12,
2013, Mr. Hakeman received an option to purchase 150,000 shares of the
Company's common stock, with an exercise price of $9.70 per share which
is equal to the closing price of the Company's Common Stock on September
9, 2013, Mr. Hakeman's start date. The option has a ten year term and
vests over a period of four years, with 25% vesting after one year of
the grant date and the remaining 75% vesting in approximately equal
monthly increments over the succeeding thirty-six months, provided his
continuous employment through each vesting date, and subject to
acceleration or forfeiture upon the occurrence of certain events as set
forth in his option agreement. In addition, Mr. Hakeman received a total
of 71,600 restrictive stock units ("RSUs"), 20,000 of which shall vest
in full six months from the grant date, with the remaining 51,600
vesting over the following four year period, also subject to employment
and attainment of performance objectives.

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